{"id":32755,"date":"2018-08-15T11:05:30","date_gmt":"2018-08-15T16:05:30","guid":{"rendered":"http:\/\/www.t3live.com\/blog\/?p=32755"},"modified":"2018-08-15T11:20:00","modified_gmt":"2018-08-15T16:20:00","slug":"scott-redler-island-top","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2018\/08\/15\/scott-redler-island-top\/","title":{"rendered":"Scott Redler: Is This Late January All Over Again?"},"content":{"rendered":"

Tech's always a big focus for me, so let's go over some of my favorite charts sent to Redler All-Access<\/u><\/strong><\/a> subscribers this morning.<\/p>\n

Twitter <\/strong>(TWTR) has not been special, but this morning, I thought that trying it long vs. the $31.50 area could work.<\/p>\n

I went long some after the open, and then it got a boost from Citron Research, which issued this note:<\/p>\n

\"\"<\/span><\/p>\n

Here's the initial chart I sent out:<\/p>\n

\"\"<\/span>And here's the followup chart I sent to RAA subscribers later this morning.<\/p>\n

I added around $32.85, and now I'll try and trade around a swing long.<\/p>\n

\"\"<\/span>Now let's look at Google <\/strong>(GOOGL). It's been a little sloppy and I got stopped out on Friday. I'll see if I want to buy it again if it holds $1247 and acts well today. $1261ish is Friday's high to watch.\"\"<\/span><\/p>\n

Apple<\/strong> (AAPL) still looks special and it was one of the first names to go green Friday.<\/p>\n

I nibbled a little this morning, because when the market wants to hold, AAPL seems to get ‘Go To' status.<\/p>\n

It says that way as long as it holds $206.67. A strong move and close above $209.78 would be impressive.<\/p>\n

\"\"<\/span><\/p>\n

Alibaba <\/strong>(BABA) has been under pressure since the island top, and a lot of strength was sold around $200. It hit a low of $174.45 Friday. On Friday, it showed relative strength for the first time in a while and held the gains all day.<\/p>\n

I nibbled on some calls for earnings. Today, we'll see if it says green to keep traders interested.<\/p>\n

\"\"<\/span><\/p>\n

And it's not pure tech, but let's look at Biotech<\/strong> (IBB) since it has so much attention.<\/p>\n

IBB is hanging on by a thread, and it really needs to hold $116ish. A hard close below that will get the active bulls out.<\/p>\n

If that happens, it will need more time to rebuild.<\/p>\n

\"\"<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Tech’s always a big focus for me, so let’s go over some of my favorite charts sent to Redler All-Access subscribers this morning. Twitter (TWTR) has not been special, but this morning, I thought that trying it long vs. the $31.50 area could work. I went long some after the open, and then it got a boost from Citron Research, which issued this note: Here’s the initial chart I sent out: And here’s the followup chart I sent to RAA subscribers later this morning. I added around $32.85, and now I’ll try and trade around a swing long. Now let’s look at Google (GOOGL). It’s been a little sloppy and I got stopped out on Friday. I’ll see if I want to buy it again if it holds $1247 and acts well today. $1261ish is Friday’s high to watch. Apple (AAPL) still looks special and it was one of the first names to go green Friday. I nibbled a little this morning, because when the market wants to hold, AAPL seems to get ‘Go To’ status. It says that way as long as it holds $206.67. A strong move and close above $209.78 would be impressive. Alibaba (BABA) has been under pressure since the island top, and a lot of strength was sold around $200. It hit a low of $174.45 Friday. On Friday, it showed relative strength for the first time in a while and held the gains all day. I nibbled on some calls for earnings. Today, we’ll see if it says green to keep traders interested. And it’s not pure tech, but let’s look at Biotech (IBB) since it has so much attention. IBB is hanging on by a thread, and it really needs to hold $116ish. A hard close below that will get the active bulls out. If that happens, it will need more time to rebuild.<\/p>\n","protected":false},"author":4,"featured_media":21349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[671,76],"tags":[],"class_list":["post-32755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-no-ads","category-scott-redler"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/32755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=32755"}],"version-history":[{"count":11,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/32755\/revisions"}],"predecessor-version":[{"id":32767,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/32755\/revisions\/32767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/21349"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=32755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=32755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=32755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}